San Antonio, TX 78249 Real Estate Market Report
ZIP Code: 78249
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in San Antonio, TX are 6.75% compared to the 6.05% average seen in early 2026, increasing borrowing costs for property owners in this market.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The neighborhood's representative recent sale is anchored by a 265,000 median sold price, which suggests realized market value is notably below asking levels and may indicate pricing friction between seller expectations and transaction outcomes given the higher median listing price.
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The gap between the 320,000 median listing price and the median sold price points to a meaningful ask-to-sold spread that may indicate sellers are testing higher price points while actual transactions are settling lower.
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Liquidity appears slower given the 108 median days on market, which aligns with elevated inventory relative to sales and suggests moderate transaction volume rather than rapid turnover.
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Market drivers: prices are trending up year-over-year (up), rent trends are down (down), and interest rate pressure is elevated—notably, Current 30-year fixed mortgage rates in San Antonio, TX are 6.75% compared to the 6.05% average seen in early 2026, which elevates borrowing costs and may weigh on near-term buyer capacity.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Sold below market average
Sold below market average
San Antonio, TX 78249 Real Estate Market Report
ZIP Code: 78249
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Liquidity metrics unavailable due to insufficient data quality.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in San Antonio, TX are 6.75% compared to the 6.05% average seen in early 2026, increasing borrowing costs for property owners in this market.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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Median sold price is the primary indicator of market value and recent transaction activity; with a sample of 6 total sold properties analyzed, recent sales support ongoing appreciation even as some segments show minor corrections — up price trajectory provides transactional confirmation of rising values.
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Price year-over-year trend is up, which aligns with observed sold transactions and suggests continued nominal appreciation in ZIP 78249 despite isolated soft patches in specific product tiers.
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Market temperature is neutral, indicating a balanced market where pricing friction and negotiation are likely moderate rather than one-sided; expect neither rapid price escalation nor steep discounts in typical transactions — neutral.
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Interest rate pressure is elevated and may constrain buyer purchasing power; note that current 30-year fixed mortgage rates in San Antonio are 6.75% compared to an earlier 6.05% average in early 2026, which increases carrying costs and could slow market velocity — elevated.
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Median market rent is 1,100, while rent trends are down, indicating rental income momentum is weakening and should be considered when underwriting short-term investment cases.
Notable Properties
The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold at market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 1.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/25/2026
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